DE LA RENTA FATE AWAITS END OF SHOWS

NEW YORK--Oscar de la Renta's fate at Pierre Balmain won't be decided until after the runway show for his signature line, which takes place here Nov. 2.
That's because this week's scheduled meeting between de la Renta and Alain Hivelin, managing director of Balmain, was postponed when Hivelin came down with a bad cold.
"From now until my show is panic time for me, so I told them I couldn't meet until the show is over," de la Renta said Wednesday.
De la Renta has been designing couture and ready-to-wear collections for the house of Balmain since 1993. His three-year contract expires next month.
"I would like to continue designing for them, but we'll see what happens," de la Renta said.
As reported, Balmain was acquired this month by an investor group led by Jean Lecendreux, a retired executive of Sanofi SA.
Meanwhile, de la Renta has his hands full with the launch in January of a major bridge collection, called Oscar, for fall 1996. He is also working on another fragrance, which is slated to make its debut next year, possibly with the introduction of the Oscar line.
Sanofi Beaute Inc. holds the license to his signature and Volupte scents, and is producing the new perfume as well. De la Renta said one of the considerations in continuing to design for Balmain was how much time he would have to be in Paris.

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